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UK Project Finance & Schedule

UK Project Finance & Schedule. Alan Grant. Overview. Schedule & Risk Schedule Overview Step IV Step V Step VI Finance Current Allocation Period and C urrent P osition Capital Request Forward look to complete step VI – flat cash Resource loaded forward look to complete step VI

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UK Project Finance & Schedule

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  1. UK Project Finance & Schedule Alan Grant

  2. Overview Schedule & Risk • Schedule Overview • Step IV • Step V • Step VI Finance • Current Allocation Period and Current Position • Capital Request • Forward look to complete step VI – flat cash • Resource loaded forward look to complete step VI • Resource loaded forward look to complete step V

  3. Schedule Overview • Schedule now includes PRY for step IV following recommendations of the Magnetic Field Mitigation review panel. • All compressors will be installed on the West Wall. Compressors will not be installed until August 2014. • Magnet power supply and control racks will be installed in new rack room with full agreement of ISIS. • Schedule identifies tasks with risk element & associated risk delay. Work in progress!! • SS’s & Tracker’s assembled in R9 then moved to MICE Hall. • Magnet training only begins after cooling channel and PRY is installed (this includes EMR, KL & TOF). • 15 weeks total for all magnet training after cooling channel is installed.

  4. Step IV schedule – Shipping • RF system - TIARA • RF distribution equipment delivered TH116 installed, 4616 pre amplifier installed, water services panel installed • Upstream Spectrometer Solenoid - Delivered • Downstream Spectrometer Solenoid - Expected May 2014 • AFC #2 – Delivered • EMR – Delivered and testing complete • Diffuser – Available at Oxford • PRY - South yoke expected April 2014, North yoke expected July 2014 (Risk)-(R1) 80day delay (Risk)-(R2) 40day delay (Risk)-(R3) 20day delay (Risk)-(R4) 10day delay

  5. Step IV schedule – R9 Pre Installation Work (Risk)-(R1) 80day delay (Risk)-(R2) 40day delay (Risk)-(R3) 20day delay (Risk)-(R4) 10day delay

  6. Mechanical Integration Work in Hall • Relocating compressors to West Wall involves a lot of work • Mezzanine structure, services, supports • Means we need to make other Hall modifications • South mezzanine air con, stairs, crane, existing west wall services • Includes New Rack Room – space agreed with ISIS

  7. Step IV Installation • Magnet training of SS begins after cooling channel is installed (this includes EMR, KL & TOF) • 15 weeks total for all magnet training after cooling channel is installed. • Step IV completion now -  end Jan 2015

  8. Step IV Schedule – Critical Path (Risk)-(R2) 40day delay (Risk)-(R3) 20day delay (Risk)-(R4) 10day delay

  9. Step IV schedule 27/10/15 30/8/15 30/1/15 • Assumes South side PRY available mid April - subject to contractual negotiations • Assumes North side PRY available mid July – installation begins mid September • Critical path driven by West Mezzanine Wall and compressor installation • Magnets cooled in September 14 • Magnet training can only take place only after full PRY is installed

  10. Step V (Transitional Schedule) – Critical Path • Step V – Key Deliverables • RFCC – March 2018, risk level 1 • Hydrogen system 2 –November 2016 • RF system – March 2015 • PRY – not planned for as yet!! (Risk)-(R1) 80day delay (Risk)-(R2) 40day delay (Risk)-(R3) 20day delay (Risk)-(R4) 10day delay

  11. Step V - Transitional Schedule 24/4/19 8/4/19 27/8/18

  12. Step VI Schedule – Critical Path • Step VI – Key Deliverables • RFCC – Sept 2019, risk level 1 • AFC –April 2018 • Hydrogen system 3 –August 2016 • RF system – November 2017 • PRY – not planned for as yet!! (Risk)-(R1) 80day delay (Risk)-(R2) 40day delay (Risk)-(R3) 20day delay (Risk)-(R4) 10day delay

  13. Step VI Schedule 29/1/21 7/1/21 14/5/20

  14. Schedule Summary Step IV • Critical path driven by West Mezzanine Wall and compressor installation • Ongoing - identifying & quantifying risks. • Initial estimated cost for mag field mitigation:- £372k • £500k & 5man yrs effort UK our estimate in risk register • Assumes delivery of South PRY mid April 14 and North PRY mid July 14 • North PRY not installed until September 14 • Risk Delay – assumes we incur all identified delays • Schedule & risks need to be monitored as these will change

  15. Finance

  16. Allocation - This Approval Period • Approval period runs to Apr 2016 • Projected overspend this FY was £132k (7.5%) • To cover Magnetic Field Mitigation requirement (staff & non staff) • STFC agreed overspend and review in October • Current projected overspend as of September £208k (11.75%) • £35k – RF crowbar • £12k - AFC monitoring equipment • £20k- Hydrogen vacuum enclosure • £7k – New roller shutter door

  17. Submitted Capital Request At the request of STFC the project team have provided a list of capital items that could be advanced should resources become available.

  18. Forward Look Spend to Step VI • Assumes flat cash allocation • Proposed delivery of RFCC#2 which now includes contingency, means an allocation will be required in future years. This was the expected outcome based on the contingency analysis presented in May. • Based on current analysis a re-base lining of UK-US plan is warranted for next review. Draft! Work in Progress

  19. Operations Management Structure Needs additional resources to deliver this structure

  20. Resource Loaded Forward Look Spend to Step VI • Assumes resource requirements positions are filled to deliver and operate MICE • Essential resources:- • Experimental Co-ordinator • Possibly jointly funded position with UK university • Integration Scientist • P. Hanlet (IIT) • Operations Team Leader • Lab staff … reporting line through Laboratory as safety critical • Cryo expert • Mark Tucker (PPD); presently 50%. Need 100% with full experiment • Magnet expert • Lab staff … reporting line through Laboratory as safety critical • Work in progress: • Full analysis includingexplicit WM and contingencyin preparation.

  21. Resource Loaded Forward Look Spend to Step V • Assumes resource requirements positions are filled to deliver and operate MICE • No AFC#3 • No Hydrogen System#3 • No RF power for systems 3&4 • Rescheduled delivery of RFCC#1 means there will be some staff costs in 2018/19:- • PM & PO office • Mechanical Integration • Electrical Integration • RF Installation • 2018/19 - Retain staff expertise for • Hydrogen system • RF system • Software & Computing, Operations and Analysis fully supported from 2018/19 onwards Draft! Work in Progress

  22. Resource Loaded Forward Look Spend

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